United Propertieshas closed on a site in Maple Grove where it is planning to build a large industrial building ‘on spec’ — meaning it’ll move ahead even without signed lease deals.

The Bloomington-based developer will begin construction Sept. 15 on what it calls the Red Rock Industrial Building, with 32-foot ceiling and 320,000 square feet of space, near the intersection of County Road 81 and 85th Avenue North. The company bought the site for $4.17 million from Maple Grove-based Raven Investments. Read more

A joint venture between Elion Partners andKraus-AndersonCos. closed Thursday on a purchase of a 100-acre site in Woodbury from State Farm Insurance.

Florida-based Elion and Minneapolis-based Kraus-Anderson didn’t disclose the value of the land deal. The firms have spent 18 monthspursuing a massive $100 million redevelopmentof the site into a mixed-use office, hotel and retail center. Kraus-Anderson will begin grading the site Friday. Read more

00bwadminbwadmin2014-09-17 22:20:192016-11-28 22:13:04Elion/Kraus-Anderson Breaks Ground on $100 Million Mixed Use Woodbury Development

St. Paul’s Sibley Plaza shopping center will be torn down after nearly 60 years to make way for a Fresh Thyme Farmers Markets grocery store, a fitness center and 120 apartments, according to plans released by the property owner.

Sibley Plaza ownerPaster Enterprisesis partnering withBader Developmenton the $50 million mixed-use project at the West Seventh Street property, which Pasterhas been contemplating for months. Read more

Duke Realtyhas picked Dolce Living to develop two new, six-story buildings with a total of 400 apartments at the West End mixed-use development in St. Louis Park.

I reported earlier this month thatDuke was pursuing partners to help it develop part of the siteat the intersection of Highway 100 and Interstate 394 on the border of St. Louis Park and Golden Valley. It’s also trying to find a buyer for the lifestyle shopping center and entertainment complex known as the Shops at West End.

Indianapolis-based Duke is in the process of forming a strategic partnership with Hallendale Beach, Fla.-based Dolce. The companies want to create an urban village and still develop office space on the undeveloped portion of the site, according to a memo to the St. Louis Park City Council fromGreg Hunt, the city’s economic development coordinator. Read more

00bwadminbwadmin2014-09-09 22:00:432016-11-28 22:15:44Duke, DLC Residential Revise Plans For West End

Anytime Fitnessreleased images of its new corporate campus as it gets ready to break ground on the Woodbury headquarters building.

The 80,000-square-foot building will house 250 employees who are now working in the fitness club chain’s current headquarters in Hastings.

The new digs include a fitness club, outdoor gathering areas that will also be used for physical activities, a smoothie bar that turns into an alcohol bar, a gaming area and adjustable workstations that allow employees to work while standing or moving, said spokesmanMark Daly. Read more